$48.50 now turned from resistance to support
As predicted, the fourth resistance level of $48.50 has now turned into support! Isn't this prediction fun? Unlike the 4 hour rise from $30 to $70 earlier in June and subsequent fall all the way back to $28 between July and August, now the rise is much more controlled and steady. Resistance levels are crumbling now.
Hedges and shorts literally cannot stop this monster of a train! Too many people love this stock. Do you like movies? Do you love going to the cinema to watch them instead of at home? Do you still want a future of IMAX and watching Avatar sequels in 3D? Those right there are why you buy and HODL this stock!
AMC is the next Tesla but BIGGER. Paging Dr Mobile and others, where is your negativity now? Get excited, APES! See you all on the moon.
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huatSG : hopefully 50 will be support
BuddyAPE : how to know what is the support is?
Machiavellis3rdEye : My new re-buy limit price is now 47.69….Quite a bit higher than where I started re-buying at sub 9 in March. Together we will win this thing…and we’ll Pick up all the bagholders on our collective journey up to the skies.
Roukou OP BuddyAPE : The support and resistance levels are based on previous price action (from $30 to $70) and Fibonacci retracement levels. $48.50 was the fourth resistance level based on this, and now it has been broken.
Next resistance level is $65 to $70, so we'll see how it goes when we get there.